Buffalo's housing market is booming—in fact, it's poised to be the number one market in the entire country. While it's been tough on renters, these factors have investors and property owners very excited. Land values have been steadily increasing over the last few years, and by the looks of things, they won't be trending down anytime soon.

This, of course, is potentially good news for other people looking to invest in Buffalo. As more people and money move into the region, more cash may be available in the local economy.

If you're in the business of owning property or investing in business, there is one iconic property on Grand Island that you may want to take a look at.

The Grand Island Hotel Is Available For Sale

Originally constructed in 1973, this sprawling hospitality property on the southeast shore of Grand Island is ready for the right owner or investor to scoop it up.

Formerly operated as a Radisson hotel, the more than 180,000 square foot, some consider the 263-room hotel to be one of the best properties in Western New York. Sitting on more than 10 acres of waterfront land, this hotel has direct access to the Niagara River and Lake Erie, with more than a quarter-mile of frontage along the river.

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While the property was most recently used as a hotel, the land zoning could also allow it to be a multi-family development. Considering that Buffalo and Western New York has a shortage of safe and affordable housing, this may be a good spot for a community-minded developer to come in and bring some additional housing units online.

So, if you and a few friends have a couple of bucks lying around, this amazing property can be yours for only $10,250,000. There are some offers on it right now, so if you're considering making this yours, you better get working.

Check out the photos from the sales listing below.

Massive Grand Island Hotel Available For Sale

A former 263-room hotel on Grand Island with amazing views of the Niagara River is on the market waiting for you to snatch it up.

Gallery Credit: Ed Nice

Historic Mike's Lounge In Buffalo For Sale

Gallery Credit: Ed Nice

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